Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an


          Off-Balance Sheet Arrangement of a Registrant.

As previously disclosed, Cars.com, Inc. (the "Company") and certain of its subsidiaries are party to a credit agreement, dated as of May 31, 2017, among the Company, the Subsidiary Guarantors party thereto, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent, as amended, which provides for a $450 million revolving credit facility (the "Revolving Credit Facility"). A description of the material terms of the Revolving Credit Facility is set forth in Item 2.03 of the Company's Current Report on Form 8-K, filed with the SEC on October 7, 2019, which is incorporated in this Item 2.03 by reference.

Since March 19, 2020, the Company has borrowed an additional $165 million under the Revolving Credit Facility, so that a total of $420 million is currently outstanding.

The Company increased its borrowings under the Revolving Credit Facility as a precautionary measure in order to increase liquidity and preserve financial flexibility in light of current uncertainty resulting from the COVID-19 pandemic. In accordance with the terms of the Revolving Credit Facility, the amounts borrowed under the incremental Revolving Credit Facility may be used for working capital, general corporate or other purposes permitted by the Revolving Credit Facility.

Item 7.01Regulation FD Disclosure.

On March 23, 2020, the Company issued a press release to announce that it is withdrawing its previously announced full year 2020 guidance due to the potential impact of the COVID-19 pandemic and to provide certain other business updates as a result of the COVID-19 pandemic. A copy of the press release is furnished herewith as Exhibit 99.1 and incorporated in this Item 7.01 by reference.

The information furnished pursuant to this Item 7.01, including Exhibit 99.1, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities under that section, nor shall it be deemed to be incorporated by reference in any filing made by the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise expressly set forth by specific reference in such filing.

Item 9.01.Financial Statements and Exhibits.



(d) Exhibits


Exhibit
No.       Exhibit

99.1        Cars.com, Inc. Press Release, dated March 23, 2020

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